An investigation on behalf of investors in FedEx Corporation (NYSE:FDX) shares over potential wrongdoing at FedEx Corporation was announced.
San Diego, CA -- (SBWIRE) -- 12/01/2022 -- Certain directors of FedEx Corp are under investigation over potential breaches of fiduciary duties.
Investors who purchased shares of FedEx Corporation (NYSE: FDX) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain FedEx directors breached their fiduciary duties and caused damage to the company and its shareholders.
On September 15, 2022, FedEx Corporation released preliminary first quarter financial results and announced plans to shutter storefronts and corporate offices while putting off new hires brought on by drop-off in its global package delivery business. FedEx Corporation further stated that it was unlikely to meet Wall Street's profit target for its fiscal first quarter ended August 31, 2022 and that the Company expects business conditions to further weaken in the current quarter amid weaker global volume.
Shares of FedEx Corporation (NYSE: FDX) declined from $248.76 per share on June 24, 2022, to as low as $141.92 per share on September 27, 2022.
Those who purchased shares of FedEx Corporation (NYSE: FDX) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Christopher Clausen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.